KP Project (Ying Mining District)



Kuanping (KP) Project

  • 12.39 km2 satellite property, located ~33 km north of the Ying Mining District
  • 100% interest acquired in 2021 for US$13.5 million
  • Previous exploration defined six silver-lead-zinc and one gold-silver vein structures
  • Future production to leverage existing processing facilities at Ying


Kuanping (KP) is an exploration and development stage satellite project.

Exploration and Geology

Recent Work/ Highlights

Previous exploration activities included 1,458 m of adits, 3,387 m3 of trenching, and 11,759 m of diamond drilling in 52 diamond drill holes between 2006 and 2013, focused on the 1 km by 1 km northwest corner of the project area. Exploration has defined six silver-lead-zinc vein structures and one gold-silver vein structure. The most explored vein structures are K3 and K4. K3 dips 25 - 55° to the north-northwest, and extends 600 m along strike and 400 m down-dip from surface, while K4 dips 35 - 65° to the northwest, and extends 960 m along strike and 540 m down-dip from surface. K3, K4 and a majority of other veins are still open along strike and at depth.


Based on the drill grid spacing of 68 m to 170 m along strike, and 45 m to 230 m down dip, mineral resources for silver, lead, zinc, and gold were estimated in 2013 by the Geological Brigade No. 1 of Henan Province Non-ferrous Metals Geological and Mineral Resources Bureau using Chinese standards (not NI 43-101 compliant), and were posted on the auction website. The mineral rights fee related to the estimated mineral resources, with a calculated value of US$5.4 million (RMB¥34.8 million) based on current regulations, has been previously paid in full.


Highlights of selected drill hole intercepts:

  • Hole ZK40305 intercepted a 4.15 m interval from 179.49 m, grading 536 grams per tonne (“g/t”) silver (“Ag”), 2.47 g/t gold (“Au”), 2.05% lead (“Pb”), and 8.00% zinc (“Zn”)
  • Hole ZK30703 intercepted a 0.23 m interval from 131.45 m, grading 1,462 g/t Ag, 0.69 g/t Au, 0.84% Pb, and 1.41% Zn
  • Hole ZK41501 intercepted a 0.36 m interval from 100.63 m, grading 1,561 g/t Ag, 5.98 g/t Au, 9.09% Pb, and 14.14% Zn
  • Hole ZK41105 intercepted a 0.48 m interval from 215.77 m, grading 848 g/t Ag, 10.00 g/t Au, 9.82% Pb, and 7.92% Zn
  • Hole ZK40311 intercepted a 0.43 m interval from 348.33 m, grading 92 g/t Ag, 8.78 g/t Au, 9.25% Pb, and 4.5% Zn


  • Overview

  • Ying Mining District

  • SGX / HZG Mines

  • HPG Mine

  • TLP Mine

  • LME Mine

  • LMW Mine

  • DCG Mine

  • KP Project

  • GC Mine

  • BYP Mine

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  • Reserves & Resources

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